RIL Q1 Takeaways: What Mukesh Ambani said on Jio IPO and how Reliance Consumer doubled revenue

RIL posted Q1 consolidated revenue of Rs 3.11 lakh crore, up 25% YoY, with profit beating Street estimates. Net profit of Rs 20,946 crore declined 22% YoY due to a base effect from an exceptional gain in the year-ago period. Jio Platforms filed its DRHP with SEBI for a proposed IPO, while reporting a 9% YoY profit rise to Rs 7,764 crore, 12% revenue growth, and 15% EBITDA growth with ARPU at Rs 215.6. Reliance Consumer gross revenue more than doubled to over Rs 8,600 crore, led by the Independence brand at about Rs 3,200 crore and Campa beverages at about Rs 2,900 crore.